Acquisition Details

Sigma Advanced Systems Limited announced the acquisition of 100% of the equity share capital of Bromford Precision Solutions Limited, a UK-based specialist manufacturer of high-precision, complex aeroengine rings and other engine structures.

Transaction Value: GBP 11.89 million (approximately INR 153 crore)

Valuation Multiple: Enterprise value to adjusted EBITDA (CY2026 estimate) multiple of approximately 4.6x

Expected Closing: By end July 2026, subject to customary closing conditions

Strategic Rationale

  • Strengthens Sigma's position within the Rolls-Royce supply chain
  • Complements Sigma's existing UK division, Nasmyth Group
  • Adds capabilities in manufacturing smaller precision components that complement Sigma's expertise in larger components for the same OEM customers
  • Provides deeper full-range product offering for global aerospace and power generation customers
  • Brings new product offerings through long-term contracts for components such as engine lock plates
  • Marks a significant milestone in Sigma's international growth strategy

Target Company Profile

Bromford Precision Solutions Limited:

  • Founded in 1988, based in Leicestershire, UK
  • Specializes in manufacturing complex aeroengine ring components and other complex precision-machined aeroengine structures including compressor casings, ducts, brackets, and lock plates
  • Holds approvals from leading OEMs including Rolls-Royce and Siemens
  • Operationally profitable business with demand from key customers driving growth
  • Has built a long-standing reputation for precision engineering over three decades

Value Creation Plan

Sigma intends to implement three key initiatives to create sustained value at Bromford:

1. Margin Expansion: Targeting EBITDA margin improvement through capital investment and automation

2. India-based Manufacturing: Transitioning select component manufacturing to India to optimize costs and enhance competitiveness, mirroring Sigma's existing model

3. Revenue Growth: Achieving revenue growth through deeper penetration with leading OEM customers and expansion of long-term agreements

Management Structure

Bromford's experienced management team will continue to lead day-to-day operations, supported by the broader Sigma leadership team.

Management Commentary

Sunil Kalidindi, Chief Executive Officer, stated: "This acquisition strengthens Sigma's position within one of the most demanding aero engine supply chains in the world. Bromford brings precision manufacturing capability that complements us directly, and together the enlarged group creates one of the most capable ring and casing manufacturing platforms globally. We look forward to building on Bromford's three decades of engineering heritage as part of Sigma's broader platform."

Strategic Context

The acquisition supports Sigma's evolution from an India-based precision engineering company into a globally integrated aerospace and defense platform. With operations spanning India and the UK, the company is creating a differentiated manufacturing ecosystem that supports leading international customers across aerospace and defense, while strengthening India's role in the global supply chain.

Company Background

Sigma Advanced Systems Limited is a leading Indian aerospace and defense precision components manufacturer with a growing international footprint. The company designs, develops, and manufactures mission-critical systems and components across avionics, naval systems, radars, communication systems, and aerospace, built on its in-house Build-to-Spec engineering capability. Through its UK subsidiary, Nasmyth, Sigma has established a strong presence in the global aerospace supply chain.